Quote:
Originally Posted by Rhotchkiss
Good question Jim. Honestly, I am not sure. My knee jerk reaction is that the REA 9 should negatively impact the Goldin one, but who knows - maybe people hold off on the REA one knowing they have a second bite on the Goldin one. In my experience, the second one usually goes for less than the first. That said, the cards I bid on are usually much rarer than a 55 Koufax, even in a 9, and they are less “commodity cards”, meaning a thinner overall audience. As a result, by eliminating the winner from the first one, there is usually less competition on the next one and it goes for less.
A great example of this is the t206 Speaker Drum. In May of 2021, Heritage auctioned off a PSA 1 t206 Speaker Drum. I won it for $31,200. Three months later REA auctions another, arguably nicer, PSA 1 t206 Speaker Drum and Luke stole it for $24,600! That is almost certainly because I was not a bidder, having already just “won” one. As an aside, I think there are only 3-5 Speaker Drums, compared to the 25+ psa 9/10 Koufax.
BTW- I am not a player for either Koufax.
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Not to steal or hijack your thread, but maybe add on to your initial question? How do both cards fair in regard to your $345K over/under query, AND which AH's Koufax rookie card ends up selling for more, including the BP?
I had initially guessed the '55 Topps Koufax card being sold by Goldin would be under, and I'm going to guess REA's will be under as well. Now I initially want to guess REA's Koufax card will go for a higher amount than Goldin's, but I'm wondering if for a card of this value if the Goldin vault doesn't possibly impact the final sales price? Someone using Goldin's vault can absolutely escape sales tax, whereas an REA buyer may end up with a significant sales tax liability of tens of thousands of dollars, which I can only assume they may factor into what they end up bidding. So, I'll reluctantly guess the Goldin Koufax rookie card ends up selling for more.
And though I understand and agree with Ryan's thinking and logic regarding a second, later sale usually going for less, that mostly works best when you have exactly the same bidders in both auctions. I'm not so sure there may be serious bidders in only one or the other auction, but not in both, for whatever the reason(s).